Chain-Store Sales Fell 1.2% in June, Narrower than Expected - Redbook (XRT)

National chain-store sales fell 1.2 percent in June from May, a drop that came in narrower versus expectations of a 1.3 percent decline.

The Johnson Redbook Sales Index rose 3.8 percent over the prior year on a seasonally-adjusted basis, flat with expectations.

Aiding the rise included items like Independence Day sales and increased demand for seasonal goods, Redbook noted.

Traders are keeping an eye on the SPDR S&P Retail ETF (NYSE: XRT) today.

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